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The creation of new businesses and the decline of unproductive ones are often regarded key to business dynamism in OECD economies. Understanding business behaviour, creative destruction and identifying successful and failing businesses, as well as fostering entrepreneurship and innovation, have become increasingly important objectives for policy makers in many OECD economies in recent years. However, despite its growing importance, the study of business dynamics, and entrepreneurship more generally, is hampered by the lack of truly internationally comparable indicators. That is not for a lack of data however, as many statistical institutions and private agencies produce statistics in this domain, but because they lack comparability, are of questionable quality, or are not able to tackle all of the policy questions related to these issues, they can often generate confusion, giving mixed messages to policy makers. The framework of business demography indicators presented in this paper is an attempt to fill this gap by providing a mechanism by which more comparable indicators of business demography can be produced across OECD countries in particular, considering both what is practically achievable and

Economics

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This paper examines how measurement problems affect international comparisons of labour productivity. It suggests that these measurement problems do not significantly affect the assessment of aggregate productivity patterns in the OECD area. However, these problems do influence the more detailed assessment of productivity growth, notably the role of specific sectors and demand components in aggregate performance. The paper shows that there are only a few significant problems regarding the comparability of nominal GDP across OECD countries, the most important being the treatment of software investment. In most cases, efforts are underway to reduce the size of these differences. Measurement differences for real GDP are also important, although several of these factors have impacts that work in different directions. Moreover, several of these problems primarily affect the distribution of total GDP across different expenditure categories and across different activities, not necessarily.

Labor productivity.

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This paper examines how measurement problems affect international comparisons of labour productivity. It suggests that these measurement problems do not significantly affect the assessment of aggregate productivity patterns in the OECD area. However, these problems do influence the more detailed assessment of productivity growth, notably the role of specific sectors and demand components in aggregate performance. The paper shows that there are only a few significant problems regarding the comparability of nominal GDP across OECD countries, the most important being the treatment of software investment. In most cases, efforts are underway to reduce the size of these differences. Measurement differences for real GDP are also important, although several of these factors have impacts that work in different directions. Moreover, several of these problems primarily affect the distribution of total GDP across different expenditure categories and across different activities, not necessarily.

Labor productivity.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper examines how measurement problems affect international comparisons of labour productivity. It suggests that these measurement problems do not significantly affect the assessment of aggregate productivity patterns in the OECD area. However, these problems do influence the more detailed assessment of productivity growth, notably the role of specific sectors and demand components in aggregate performance. The paper shows that there are only a few significant problems regarding the comparability of nominal GDP across OECD countries, the most important being the treatment of software investment. In most cases, efforts are underway to reduce the size of these differences. Measurement differences for real GDP are also important, although several of these factors have impacts that work in different directions. Moreover, several of these problems primarily affect the distribution of total GDP across different expenditure categories and across different activities, not necessarily.

Labor productivity.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The creation of new businesses and the decline of unproductive ones are often regarded key to business dynamism in OECD economies. Understanding business behaviour, creative destruction and identifying successful and failing businesses, as well as fostering entrepreneurship and innovation, have become increasingly important objectives for policy makers in many OECD economies in recent years. However, despite its growing importance, the study of business dynamics, and entrepreneurship more generally, is hampered by the lack of truly internationally comparable indicators. That is not for a lack of data however, as many statistical institutions and private agencies produce statistics in this domain, but because they lack comparability, are of questionable quality, or are not able to tackle all of the policy questions related to these issues, they can often generate confusion, giving mixed messages to policy makers. The framework of business demography indicators presented in this paper is an attempt to fill this gap by providing a mechanism by which more comparable indicators of business demography can be produced across OECD countries in particular, considering both what is practically achievable and

Economics